30-day FRN (1210-0098) published

30-day FRN (1210-0098) published.pdf

Process for Expedited Approval of an Exemption for Prohibited Transaction, Prohibited Transaction Class Exemption 1996-62

30-day FRN (1210-0098) published

OMB: 1210-0098

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Federal Register / Vol. 85, No. 204 / Wednesday, October 21, 2020 / Notices
reproduction cost) payable to the United
States Treasury.
Patricia A. McKenna,
Assistant Section Chief, Environmental
Enforcement Section, Environment and
Natural Resources Division.
[FR Doc. 2020–23251 Filed 10–20–20; 8:45 am]
BILLING CODE 4410–15–P

DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Process
for Expedited Approval of an
Exemption for Prohibited Transaction,
Prohibited Transaction Class
Exemption 1996–62
Notice of availability; request
for comments.

ACTION:

The Department of Labor
(DOL) is submitting this Employee
Benefits Security Administration
(EBSA)-sponsored information
collection request (ICR) to the Office of
Management and Budget (OMB) for
review and approval in accordance with
the Paperwork Reduction Act of 1995
(PRA). Public comments on the ICR are
invited.
DATES: The OMB will consider all
written comments that agency receives
on or before November 20, 2020.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
Comments are invited on: (1) Whether
the collection of information is
necessary for the proper performance of
the functions of the Department,
including whether the information will
have practical utility; (2) if the
information will be processed and used
in a timely manner; (3) the accuracy of
the agency’s estimates of the burden and
cost of the collection of information,
including the validity of the
methodology and assumptions used; (4)
ways to enhance the quality, utility and
clarity of the information collection; and
(5) ways to minimize the burden of the
collection of information on those who
are to respond, including the use of
automated collection techniques or
other forms of information technology.

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SUMMARY:

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FOR FURTHER INFORMATION CONTACT:

Anthony May by telephone at 202–693–
4129 (this is not a toll-free number) or
by email at [email protected].
SUPPLEMENTARY INFORMATION: On April
28, 1975, the Department published
ERISA Procedure 75–1 in the Federal
Register, which provided the public
with information regarding the
procedure to follow when requesting an
exemption. On August 10, 1990, the
Department issued a regulation which
replaced ERISA Procedure 75–1 for
applications for prohibited transaction
exemptions filed on or after September
10, 1990 (29 CFR 2570.30 et seq.).
On July 31, 1996, the Department
published in the Federal Register,
Prohibited Transaction Class Exemption
96–62 that provides for accelerated
approval of an exemption permitting a
plan to engage in a transaction which
might otherwise be prohibited following
a demonstration to the Department that
the transaction: (1) Is substantially
similar in all material respects to at least
two other transactions for which the
Department recently granted
administrative relief from the same
restriction; and (2) presents little, if any,
opportunity for abuse or risk of loss to
a plan’s participants and beneficiaries.
Under the class exemption, a party may
proceed with a transaction in as little as
78 days from the acknowledgment of
receipt by the Department of a written
submission filed in accordance with the
terms of the class exemption.
In 2002, the DOL amended the
exemption to clarify that it covers
‘‘plans’’ as described in Code Section
4975(e)(1), such as IRAs and Keogh
Plans, and that the scope of the
exemption is not limited to Title I
ERISA covered plans. Additionally, in
2003 the DOL amended the exemption
to permit parties to base their
submissions on substantially similar
transactions described either in two
individual exemptions granted within
the past 60 months, or in one individual
exemption granted within the last 120
months and one transaction that
received final authorization under the
exemption within the past 60 months.
For additional substantive information
about this ICR, see the related notice
published in the Federal Register on
April 29, 2020 (85 FR 23856).
This information collection is subject
to the PRA. A Federal agency generally
cannot conduct or sponsor a collection
of information, and the public is
generally not required to respond to an
information collection, unless the OMB
approves it and displays a currently
valid OMB Control Number. In addition,
notwithstanding any other provisions of

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law, no person shall generally be subject
to penalty for failing to comply with a
collection of information that does not
display a valid OMB Control Number.
See 5 CFR 1320.5(a) and 1320.6.
DOL seeks PRA authorization for this
information collection for three (3)
years. OMB authorization for an ICR
cannot be for more than three (3) years
without renewal. The DOL notes that
information collection requirements
submitted to the OMB for existing ICRs
receive a month-to-month extension
while they undergo review.
Agency: DOL–EBSA.
Title of Collection: Process for
Expedited Approval of an Exemption for
Prohibited Transaction, Prohibited
Transaction Class Exemption 1996–62.
OMB Control Number: 1210–0098.
Affected Public: Private Sector—
Businesses or other for-profits and notfor-profit institutions.
Total Estimated Number of
Respondents: 7.
Total Estimated Number of
Responses: 3,507.
Total Estimated Annual Time Burden:
88 hours.
Total Estimated Annual Other Costs
Burden: $30,156.
Authority: 44 U.S.C. 3507(a)(1)(D).
Dated: October 15, 2020.
Anthony May,
Management and Program Analyst.
[FR Doc. 2020–23267 Filed 10–20–20; 8:45 am]
BILLING CODE 4510–29–P

DEPARTMENT OF LABOR
Occupational Safety and Health
Administration
[Docket No. OSHA–2011–0057]

Excavations (Design of Cave-in
Protection Systems); Extension of the
Office of Management and Budget’s
(OMB) Approval of Information
Collection (Paperwork) Requirements
Occupational Safety and Health
Administration (OSHA), Labor.
ACTION: Request for public comments.
AGENCY:

OSHA solicits public
comments concerning the proposal to
extend the Office of Management and
Budget’s (OMB) approval of the
collection of information contained in
the Standard on Excavations (Design of
Cave-in Protection Systems).
DATES: Comments must be submitted
(postmarked, sent, or received) by
December 21, 2020.
ADDRESSES:
Electronically: You may submit
comments and attachments
SUMMARY:

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